Sandfire Resources has squeezed another nine months of mine life out of its flagship DeGrussa operation as it continues a relentless search for more ore bodies in the Doolgunna region north of Meekatharra (reports The West Australian).
Former Atlas Iron impresario David Flanagan just worked his magic again, raising US$30 million in debt and equity to support development of Battery Minerals’ Montepuez graphite project in Mozambique (reports MiningNews).
Potential mineral sands developer Strandline Resources has signed further binding offtake agreements for production from its planned Fungoni development in Tanzania, and is now awaiting the green light from Tanzanian authorities to finalise financing and begin construction (reports MiningNews).
Minelife, the resources bulletin published by well-regarded analyst Gavin Wendt, has upgraded Sunstone Metals (ASX: STM) to its portfolio following more strong exploration results from its Bramaderos gold-copper project in Ecuador.
Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He's put half of his $US5.7 billion ($7.6 billion) net worth into gold (reports Bloomberg).